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(1) 1[There shall be paid, after due appropriation
made by Parliament by law in this behalf, out of the Consolidated Fund of India] all such sums as may
from time to time be required for the purpose of paying--
(a) the subscriptions payable by the Central Government, to the International Fund under
paragraph (a) of section 3 2* * * of Article III of the Fund Agreement, and 3[to the International
Bank under paragraphs (a) and (c)] of section 3 of Article II of the Bank Agreement;
(b) any sums payable by the Central Government to the International Fund under
4[section 11 of Article V] of the Fund Agreement, and to the International Bank under
section 9 of Article II of the Bank Agreement;
(c) any charges payable by the Central Government to the International Fund under section 8 of
Article V 5[, or under section 2, section 3 or section 5 of 6[Article XX]],] of the Fund Agreement;
(d) any sums required for implementing the guarantee of the Central Government referred to in
section 3 of Article XIII of the Fund Agreement;
7[(dd) any assessments required to be paid by the Central Government to the International Fund
under section 4 or section 5 of 8[Article XX] of the Fund Agreement;]
(e) any compensation required to be paid by the Central Government to the International Fund or
to any member thereof under 9[Schedule I, Schedule J or Schedule K] to the Fund Agreement.
(2) The Central Government may, if it thinks fit so to do, create and issue to the International
Fund or International Bank, in such form as it thinks fit, any such non-interest bearing and nonnegotiable notes or other obligations as are provided for by 10[section 4] of Article III of the Fund
Agreement and section 12 of Article V of the Bank Agreement.
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1. Subs. by Act 41 of 1969, s. 2, for certain words (w.e.f. 26-12-1981).
2. Omitted by Act 67 of 1982, s. 2 (w.e.f. 15-1-1983).
3. Subs. by Act 25 of 1959, s. 4, for "to the International Bank under paragraph (a)".
4. Subs. by Act 67 of 1982, s. 2, for "paragraph (b) of section of Article IV" (w.e.f. 15-1-1983).
5. Ins. by Act 41 of 1969, s. 2 (w.e.f. 26-12-1981).
6. Subs. by Act 67 of 1982, s. 2, for "Article XXVI" (w.e.f. 15-1-1983).
7. Ins by Act 41 of 1969, s. 2 (w.e.f. 26-12-1981).
8. Subs. by Act 67 of 1982, s. 2, for "Article XXVI" (w.e.f. 15-1-1983).
9. Subs. by s. 2, ibid., for "Schedule D or Schedule E" (w.e.f. 15-1-1983).
10. Subs. by s. 2, ibid., for "section 5" (w.e.f. 15-1-1983).